Cormark Lowers Crew Energy (TSE:CR) to Market Perform

Crew Energy (TSE:CR) was downgraded by Cormark from a “buy” rating to a “market perform” rating in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. They currently have a C$8.90 price target on the stock, up from their prior price target of C$7.00. Cormark’s price target suggests a potential upside of 28.24% from the company’s current price.

Separately, TD Securities reaffirmed a “buy” rating and set a C$6.00 price objective on shares of Crew Energy in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Crew Energy currently has an average rating of “Moderate Buy” and an average price target of C$7.55.

Crew Energy Stock Up 0.9 %

CR stock traded up C$0.06 during midday trading on Tuesday, reaching C$6.94. 3,152,046 shares of the company’s stock traded hands, compared to its average volume of 327,472. The company has a quick ratio of 0.92, a current ratio of 0.52 and a debt-to-equity ratio of 8.07. The company has a market cap of C$1.09 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 0.09 and a beta of 1.56. The firm’s fifty day moving average price is C$4.22 and its 200-day moving average price is C$4.37. Crew Energy has a 52 week low of C$3.61 and a 52 week high of C$6.95.

About Crew Energy

Crew Energy Inc engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (NGL) in Canada. The company's principal properties include Montney oil and liquids-rich natural gas assets comprising Septimus, West Septimus, Groundbirch, and Monias and Tower located in the northeast British Columbia.